Gov’t to issue bonds in international market

October 13, 2015 | 08:14

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The Government has agreed on a plan to issue bonds in international capital markets in 2015 as proposed by the Ministry of Finance, according to a Resolution.

The Ministry of Finance is assigned to promptly finalize the Government’s draft Resolution on this matter and submit to the Prime Minister for issuance.

Duration of Government bonds is stipulated in the Law on Public Debt Management and Decree No. 01/2011/ND-CP dated January 05, 2011.

The Minister of Finance, authorized by the Prime Minister, shall represent the Government to report to the National Assembly for deployment permission from November 2015.

To promote IT application and development, the Government agreed on the need for tax incentives to encourage strong development of IT and IT services especially technologies related to software and software services.

The Ministry of Finance is assigned to preside and coordinate with relevant ministries to develop and complete a draft Resolution of the Government on tax incentives to promote the IT application and development, and submit it to the Prime Minister for issuance in October 2015.

Regarding the Report on status and solutions to enhance Viet Nam’s labor productivity, the Government assigned the Ministry of Planning and Investment to consult with experts and scientists to make specific, objective and comprehensive analysis and assessment on the causes and current status of Viet Nam’s labor productivity.

The Ministry was tasked to identify methodologies for calculating labor productivity consistent with practical conditions of Viet Nam, complete a Report on enhancement of Viet Nam’s labor productivity, a draft Resolution of the Government on tasks and solutions to improve the labor productivity, and report to the Prime Minister and the Deputy Prime Ministers in November 2015.

VGP

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